Captain Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05103816

CAPTAIN PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr R D Commander

SECRETARY:

Mrs V A Commander

REGISTERED OFFICE:

22 St Mary's Street

Bridgnorth

Shropshire

WV16 4DW

REGISTERED NUMBER:

05103816

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

3

289,071

CURRENT ASSETS

Debtors

4

1,000

Cash at bank

25,860

39,571

26,860

40,571

CREDITORS

Amounts falling due within one year

5

1,917

2,067

NET CURRENT ASSETS

24,943

38,504

TOTAL ASSETS LESS CURRENT
LIABILITIES

314,014

327,575

CREDITORS

Amounts falling due after more than one
year

6

211,191

220,365

NET ASSETS

102,823

107,210

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

7

102,813

107,200

SHAREHOLDERS' FUNDS

102,823

107,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 January 2019 and were signed by:

Dr R D Commander - Director

1.	STATUTORY INFORMATION

Captain Properties Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided for

Freehold land and buildings are held for investment purposes. In the opinion of the director the open market

value of the freehold land and buildings is in excess of the net book value and thus no depreciation has been

provided thereon.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 May 2017

and 30 April 2018

289,071

NET BOOK VALUE

At 30 April 2018

289,071

At 30 April 2017

289,071

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Prepayments

1,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

-

1

Corporation tax

1,317

1,466

Accrued expenses

600

1,917

2,067

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

Director's loan account

211,191

220,365

7.

RESERVES

Retained

earnings

£

At 1 May 2017

107,200

Profit for the year

5,613

Dividends

(10,000

)

At 30 April 2018

102,813

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr R D Commander.

Captain Properties Ltd - Accounts to registrar (filleted) - small 18.2

Captain Properties Ltd - Accounts to registrar (filleted) - small 18.2